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In a striking development, Public Sector Banks (PSBs) have outperformed their Private Sector counterparts (PVBs) with a notable 11% credit growth compared to PVBs' 8.1% in the first quarter of the financial year, a CareEdge report reveals. Only three of the seven PSBs saw growth in net advances, driven by increased retail, agriculture, and MSME lending. The remaining four PSBs opted to prioritize profitability over loan expansion. Scheduled Commercial Banks (SCBs) reported a dip in Net Interest ...Read More >
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